Crypto Community Raises $20M for Siqi Chen's Daughter's Rare Brain Tumor Research Through $MIRA Memecoin

Dec 26, 2024, 08:00 AM

The cryptocurrency community has rallied to support Siqi Chen's fundraising efforts for research into a rare brain tumor, craniopharyngioma, affecting his daughter, Mira. Initiated on Christmas Day, the campaign quickly escalated when a memecoin named $MIRA was created, with 50% of its supply sent to Chen's Solana wallet. Within hours, the value of $MIRA surged, reaching a market cap of $77 million and raising over $20 million for the cause. The funds are directed towards Dr. Todd Hankinson's lab at the University of Colorado, the only facility globally focusing on research for craniopharyngioma tumors. Chen's transparency and the community's generosity have highlighted the potential of cryptocurrencies in funding medical research for rare diseases.